Overview
What is Eau Claire Community Foundation?
The Eau Claire Community Foundation is a vital organization based in Eau Claire, Wisconsin. Their primary mission is to establish endowed funds that will benefit the local community now and in the future. In 2022, they fulfilled this goal by awarding over $2.6 million in grants, supporting various local nonprofits through their annual community grant cycle and the Women's Giving Circle. Their grantmaking efforts included funding for the StoryBuilder Capital Campaign to expand the L.E. Phillips Memorial Public Library. The foundation also serves as a catalyst to address community needs, hosting events that educate the public about philanthropic issues and opportunities. These events allow donors to connect with local nonprofits, fostering a spirit of philanthropy and activism in the community. In addition, Eau Claire Community Foundation offers opportunities for donors to establish charitable legacies through various fund types. Overall, the foundation's work enhances the quality of life in Eau Claire.
Official website here: www.eccfwi.org
What are the reviews and ratings of this charity?
Charity Navigator rating: 100%, Four-Star out of Four Star rating.
The Eau Claire Community Foundation has received a perfect score of 100% from Charity Navigator, illustrating its strong commitment to accountability and financial integrity. This exceptional rating is solely based on a single beacon score focused on Accountability & Finance, showcasing the organization's transparency and responsible management of resources.
The foundation excels in various financial metrics, including a program expense ratio of 87.51%, indicating that a significant portion of its budget is directed towards program activities rather than administrative costs. Additionally, its fundraising efficiency is commendable, with a ratio of just $0.0625 spent to raise each dollar. These factors reflect a well-managed organization dedicated to maximizing its impact in the community.
The organization boasts a fully independent board with 15 members, ensuring diverse governance and oversight. Moreover, it adheres to best practices by having robust policies in place, such as a conflict of interest policy and a whistleblower policy. Overall, the Eau Claire Community Foundation exemplifies strong performance in financial stewardship, reinforcing the trust of its donors and stakeholders.
This AI summary has been generated from information found on Charity Navigator.
Is Eau Claire Community Foundation legitimate?
Eau Claire Community Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Eau Claire Community Foundation submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $148,400
Professional Fundraising Fees: $0
Other Salaries and Wages: $217,077
For more financial information, click here
Official website here: www.eccfwi.org
What is the mission statement of Eau Claire Community Foundation?
The Eau Claire Community Foundation's mission is to strengthen its community by providing donors with opportunities to establish charitable legacies, making grants, and serving as a catalyst to address community needs. In practice, this involves awarding grants to various nonprofits, both locally and nationally, to support a wide range of causes. In 2022, the foundation awarded over $2.6 million in grants, including funding for local initiatives and supporting the expansion of the library. Additionally, the foundation helps donors establish endowed funds, allowing them to recommend grants to their preferred nonprofits or support specific areas of interest. The foundation also educates the community about philanthropic issues and opportunities through various events, fostering connections between donors and local nonprofits.
Official website here: www.eccfwi.org
What is the revenue of Eau Claire Community Foundation?
Eau Claire Community Foundation's revenue in 2023 was $10,959,854.
Official website here: www.eccfwi.org
Who are the executives of Eau Claire Community Foundation and what are their salaries?
The average compensation at Eau Claire Community Foundation during 2023 was $40,609. There are 9 employees and 100 volunteers at Eau Claire Community Foundation.
Here are 18 key members and their salaries:
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- Compensation: $101,489
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Official website here: www.eccfwi.org
Where can I find the form 990 for Eau Claire Community Foundation?
Eau Claire Community Foundation's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.eccfwi.org
Learn more at the official website: www.eccfwi.org
Mission Statement of Eau Claire Community Foundation
The Eau Claire Community Foundation, a nonprofit organization, is dedicated to strengthening its community by offering donors the chance to establish charitable legacies. It accomplishes this mission through grantmaking, serving as a catalyst to address community needs. In 2022, the foundation awarded a significant sum of $2,665,484 in grants, supporting various local nonprofits and initiatives. These grants ranged from agency fund grants to the StoryBuilder Capital Campaign for the L.E. Phillips Memorial Public Library. The foundation also distributed funds through its annual community grant cycle and the Women's Giving Circle, benefiting numerous Eau Claire area nonprofits.
In addition to its grantmaking activities, the Eau Claire Community Foundation provides opportunities for donors to establish charitable legacies. In 2022, the foundation established 28 new funds, bringing the total to over 220 active funds. These funds include donor-advised funds, field of interest funds, and designated funds, allowing donors to support specific areas of interest or organizations of their choice. The foundation also allows donors to create unrestricted funds to support local nonprofits and designated scholarship funds to support post-secondary education for students.
Furthermore, the Eau Claire Community Foundation serves as a catalyst to address community needs by educating the community about philanthropic issues and opportunities. Through events such as the annual meeting, professional advisor event, and the Women's Giving Circle educational event, the foundation informs the public about its work and connects donors with local nonprofits. The professional advisor event educates professional advisors about their clients' charitable giving options, while the Women's Giving Circle educational event raises awareness about pressing community issues. By hosting these and other annual events, the Eau Claire Community Foundation aims to increase awareness, philanthropy, and activism in the community.
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Impact
July, 2024
The impact of the Eau Claire Community Foundation is significant and far-reaching. Through its mission to establish endowed funds that benefit the Eau Claire community today and in the future, the Foundation has made a tangible difference in enhancing the quality of life in Eau Claire. In 2022 alone, the Foundation awarded $2,665,708 in grants, with a substantial portion directly benefiting Eau Claire area organizations.
By working closely with donors to establish new funds, the Foundation has successfully engaged individuals in creating charitable legacies that continue to support local causes. With over 220 active funds, including donor-advised funds and field of interest funds, the Foundation provides a platform for donors to contribute to specific areas of interest or designated organizations.
Furthermore, the Foundation serves as a catalyst to address community needs by educating the public about philanthropic issues and opportunities. Through events such as the annual meeting, professional advisor event, and the Women's Giving Circle educational event, the Foundation raises awareness about pressing community issues and encourages philanthropy and activism in Eau Claire.
Overall, the Eau Claire Community Foundation's impact is integral to the community's growth and well-being, showcasing the power of philanthropy in creating positive change.
This information is meant to be a general summary of Eau Claire Community Foundation. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2023.
- Investment Income: $945,155
- Gross Receipts: $11,551,973
Assets and Liabilities:
- Total Assets: $28,077,282
- Total Liabilities: $3,817,874
- Net Assets: $24,259,408
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Organization Details
Founding Year
1997
Principal Officer
Wesley Escondo
Website
www.eccfwi.orgNTEE Category
Code: T20 - Philanthropy
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